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📊 The Art of Resilience in the Crypto World 🎨
"The ability to move forward after a loss is crucial." - Bill Lipschutz
In this scenario of constant volatility, resilience becomes our best ally. Every crypto investor, like an artist, must wisely mix colors (diversify), keep a steady hand during adversity, and protect their portfolio with good risk management. Every stumble is an opportunity to learn and improve our strategy. If the market continues to fall, are we becoming bears? 🐻🎯Peter Brandt says it clearly: "Swing trading requires a clear strategy." In times of uncertainty, discipline is crucial. For example, if your strategy includes buying on the bounce of a 50-day moving average, staying true to your plan will give you confidence to act, even if the general market sentiment is negative.
Success is not about predicting the future, but about having a clear plan to react to any scenario, whether bullish or bearish.
🐢 The Achilles and Tortoise Paradox is KEY
Constantly moving forward, even at a slower pace, can be more effective than running without a strategy. Small, consistent gains, like compound interest, add up over time and can make a big difference in your success. Don't underestimate the power of patience. (don't try to get in first and get out first, wait and secure your position)
💡September has historically been a tough month for the markets, but October has brought gains in 9 of the last 11 years. Will this year be any different? No one knows for sure. The important thing is to be prepared and have a plan. The market SURPRISES, but those with a clear and well-defined strategy are the ones who best navigate the storms. 🌊 This is a liquidation game, that's why we see this, nothing is going to the moon here yet, I hope I'm wrong, but there's still a long way to go before the month ends. #NoTeRegales
#Binance #Bitcoin $BTC $ETH $CKB
"The ability to move forward after a loss is crucial." - Bill Lipschutz
In this scenario of constant volatility, resilience becomes our best ally. Every crypto investor, like an artist, must wisely mix colors (diversify), keep a steady hand during adversity, and protect their portfolio with good risk management. Every stumble is an opportunity to learn and improve our strategy. If the market continues to fall, are we becoming bears? 🐻🎯Peter Brandt says it clearly: "Swing trading requires a clear strategy." In times of uncertainty, discipline is crucial. For example, if your strategy includes buying on the bounce of a 50-day moving average, staying true to your plan will give you confidence to act, even if the general market sentiment is negative.
Success is not about predicting the future, but about having a clear plan to react to any scenario, whether bullish or bearish.
🐢 The Achilles and Tortoise Paradox is KEY
Constantly moving forward, even at a slower pace, can be more effective than running without a strategy. Small, consistent gains, like compound interest, add up over time and can make a big difference in your success. Don't underestimate the power of patience. (don't try to get in first and get out first, wait and secure your position)
💡September has historically been a tough month for the markets, but October has brought gains in 9 of the last 11 years. Will this year be any different? No one knows for sure. The important thing is to be prepared and have a plan. The market SURPRISES, but those with a clear and well-defined strategy are the ones who best navigate the storms. 🌊 This is a liquidation game, that's why we see this, nothing is going to the moon here yet, I hope I'm wrong, but there's still a long way to go before the month ends. #NoTeRegales
#Binance #Bitcoin $BTC $ETH $CKB
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💧 We are all the same... but with some adjustments! ☕️💥
While most people are made up of 72% water, traders seem to be made of coffee, energy, and a touch of melatonin for when they manage to turn off the computer. 😂 But beyond the joke, it is important to remember that, at the end of the day, we are all human beings and we need to take care of our health, both physically and mentally. 🌱
Trading can be intense work, full of adrenaline and strong emotions, but it is also essential to find a balance. ☯️ Staying hydrated, resting well, and taking time to disconnect is essential to perform at your best and avoid burnout. 🔋
Because beyond the speed of the market, the real key is to stay fit to face each day with renewed energy. At the end of the day, we all need the same thing: a healthy body and a clear mind to keep going. 🌟💪
Here I share 4 tips that help me a lot, even though I also have a bad eye, no one outdoes them here, quite the opposite!
- Constant hydration: Do not underestimate the power of water. Staying well hydrated is key to concentration and general well-being. 💧
- Regular breaks: Take mini breaks during the day to stretch your legs, breathe deeply and relax your mind. This will help you stay focused. 🌬️
- Balanced diet: Choose foods that give you sustained energy, instead of relying only on caffeine and sugars. 🥗
- Restful sleep: Make sure you get enough sleep. Melatonin is useful, but nothing replaces a good night's rest to face the day with everything. 🛌
If you want to share, I would like to know what your daily rituals are to maintain a good balance between trading and personal well-being? 🧘♂️🚴♀️ #Health #Traders #NoTeRegales #Bienestar #Binance! $SHIB $DOGE
While most people are made up of 72% water, traders seem to be made of coffee, energy, and a touch of melatonin for when they manage to turn off the computer. 😂 But beyond the joke, it is important to remember that, at the end of the day, we are all human beings and we need to take care of our health, both physically and mentally. 🌱
Trading can be intense work, full of adrenaline and strong emotions, but it is also essential to find a balance. ☯️ Staying hydrated, resting well, and taking time to disconnect is essential to perform at your best and avoid burnout. 🔋
Because beyond the speed of the market, the real key is to stay fit to face each day with renewed energy. At the end of the day, we all need the same thing: a healthy body and a clear mind to keep going. 🌟💪
Here I share 4 tips that help me a lot, even though I also have a bad eye, no one outdoes them here, quite the opposite!
- Constant hydration: Do not underestimate the power of water. Staying well hydrated is key to concentration and general well-being. 💧
- Regular breaks: Take mini breaks during the day to stretch your legs, breathe deeply and relax your mind. This will help you stay focused. 🌬️
- Balanced diet: Choose foods that give you sustained energy, instead of relying only on caffeine and sugars. 🥗
- Restful sleep: Make sure you get enough sleep. Melatonin is useful, but nothing replaces a good night's rest to face the day with everything. 🛌
If you want to share, I would like to know what your daily rituals are to maintain a good balance between trading and personal well-being? 🧘♂️🚴♀️ #Health #Traders #NoTeRegales #Bienestar #Binance! $SHIB $DOGE
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—Honey, what happened to those $50,000 that disappeared? 😳
—Relax, honey! It's not lost until I sell... and obviously I bought at the lowest, right? 🙄
(Or that's what I keep telling myself to keep from crying... 😅).
The classic story we tell ourselves while we keep holding on... Let's see if it goes up this time! 😂📉
- Approximately 80% of those who bought #Bitcoin in the last six months are at a loss right now 😬📉. Only 25% of the #BTC in circulation has moved, which shows that many are holding on, waiting for better times.
#NoTeRegales #BuyTheDip #Meme $BTC $BCH $LTC
—Relax, honey! It's not lost until I sell... and obviously I bought at the lowest, right? 🙄
(Or that's what I keep telling myself to keep from crying... 😅).
The classic story we tell ourselves while we keep holding on... Let's see if it goes up this time! 😂📉
- Approximately 80% of those who bought #Bitcoin in the last six months are at a loss right now 😬📉. Only 25% of the #BTC in circulation has moved, which shows that many are holding on, waiting for better times.
#NoTeRegales #BuyTheDip #Meme $BTC $BCH $LTC
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📢🚨Leverage may seem like a magic tool to multiply your profits, but be careful, because it can also lead to huge losses in the blink of an eye. 😬Here Ssohail shares something valuable.
This post explains very well how leverage works and why it is so important to handle it carefully. Yes, it is tempting to dream of turning $100 into $1000 quickly, but you have to remember that, in the world of cryptocurrencies, a small movement in the market can make you win a lot... or lose everything. ⚖️
The safest way, especially if you are new to this (I include myself here and this literal change of mindset is a before and after), is to educate yourself, manage risk well and not get carried away by greed. 🌱
Smart trading is not about getting rich overnight (then it happens like those who swallowed MC's verse), but about growing steadily and sustainably. So, keep a cool head, manage your capital well and don't be fooled by the illusion of easy profits. 🚀
#NoTeRegales NO TALK
This post explains very well how leverage works and why it is so important to handle it carefully. Yes, it is tempting to dream of turning $100 into $1000 quickly, but you have to remember that, in the world of cryptocurrencies, a small movement in the market can make you win a lot... or lose everything. ⚖️
The safest way, especially if you are new to this (I include myself here and this literal change of mindset is a before and after), is to educate yourself, manage risk well and not get carried away by greed. 🌱
Smart trading is not about getting rich overnight (then it happens like those who swallowed MC's verse), but about growing steadily and sustainably. So, keep a cool head, manage your capital well and don't be fooled by the illusion of easy profits. 🚀
#NoTeRegales NO TALK
🟥NEW TRADERS, UNDERSTAND THIS BEFORE TRADING! 🟥
Leverage: The Sweet Poison in Crypto Trading
Imagine being told you can turn your $100 into $1,000 instantly. Sounds great, right? But this magic trick can turn into a nightmare faster than you think.
# Breaking It Down: How Leverage Works
For simplicity, let’s use the current prices of Bitcoin ($67,500) and Ethereum ($3,200).
10x Leverage
- You have $100.
- With 10x leverage, you’re trading $1,000.
- If Bitcoin moves 1% ($675), your position changes by $67.50.
- A 1% move either gains or loses you $67.50—67.5% of your capital. A 10% move wipes you out completely.
100x Leverage
- You have $100.
- With 100x leverage, you’re trading $10,000.
- If Ethereum moves 1% ($32), your position changes by $320.
- A 1% move either gains or loses you $320—320% of your capital. A 0.5% move erases your funds.
# The Ugly Truth: Leverage Doesn’t Boost Your Profits
Leverage doesn’t increase your profit amount; it just boosts the percentage gain.
Without leverage, a 1% gain on $1,000 nets you $10. With 10x leverage on $100, the same 1% gain still nets you $10.
The profit remains the same, but the risk skyrockets.
# Isolated vs. Cross Margin
Isolated Margin:
- Limits your risk to the specific trade.
- If the trade goes bad, only the margin in that position is affected.
Cross Margin:
- Shares margin across all your positions.
- If one trade fails, it can drag down your entire account.
The Harsh Reality
Leverage feeds on the greed of small retail traders with portfolios under $200, dreaming of quick wealth. But leverage is a trap that often leads to disaster.
Leverage is a dangerous illusion. Stay disciplined, manage your risks, and avoid the high-leverage bait.
Smart trading is about steady growth, not fast gambling.
#RiskManagement #binancelearntoearn #Bitcoin_Coneference_2024 #TradingMadeEasy
Leverage: The Sweet Poison in Crypto Trading
Imagine being told you can turn your $100 into $1,000 instantly. Sounds great, right? But this magic trick can turn into a nightmare faster than you think.
# Breaking It Down: How Leverage Works
For simplicity, let’s use the current prices of Bitcoin ($67,500) and Ethereum ($3,200).
10x Leverage
- You have $100.
- With 10x leverage, you’re trading $1,000.
- If Bitcoin moves 1% ($675), your position changes by $67.50.
- A 1% move either gains or loses you $67.50—67.5% of your capital. A 10% move wipes you out completely.
100x Leverage
- You have $100.
- With 100x leverage, you’re trading $10,000.
- If Ethereum moves 1% ($32), your position changes by $320.
- A 1% move either gains or loses you $320—320% of your capital. A 0.5% move erases your funds.
# The Ugly Truth: Leverage Doesn’t Boost Your Profits
Leverage doesn’t increase your profit amount; it just boosts the percentage gain.
Without leverage, a 1% gain on $1,000 nets you $10. With 10x leverage on $100, the same 1% gain still nets you $10.
The profit remains the same, but the risk skyrockets.
# Isolated vs. Cross Margin
Isolated Margin:
- Limits your risk to the specific trade.
- If the trade goes bad, only the margin in that position is affected.
Cross Margin:
- Shares margin across all your positions.
- If one trade fails, it can drag down your entire account.
The Harsh Reality
Leverage feeds on the greed of small retail traders with portfolios under $200, dreaming of quick wealth. But leverage is a trap that often leads to disaster.
Leverage is a dangerous illusion. Stay disciplined, manage your risks, and avoid the high-leverage bait.
Smart trading is about steady growth, not fast gambling.
#RiskManagement #binancelearntoearn #Bitcoin_Coneference_2024 #TradingMadeEasy
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The CPI in Creole! 😎 (I leave the Binance ad that is clear and precise, but if you don't want to read much I'll leave this here)
The Consumer Price Index (CPI) is basically the "thermometer" that measures how much the prices of the things we buy every day go up or down, such as food, clothing, transportation, etc. 🚗🍔
When the CPI goes up, it means that money doesn't yield as it used to, because everything is more expensive, that is, there is inflation. 🛒💸
Why is it important? 🤔
Inflation: If the CPI goes up a lot, prices are increasing and that affects the pocketbook.
Salary: Companies can use the CPI to adjust salaries so that you don't lose purchasing power.
Economy: The government also uses it to make important decisions such as changing interest rates.
And watch out! 👀 The CPI can also influence the crypto world. If inflation is high, more people may turn to Bitcoin and other cryptos as a safe haven to protect their money. 🚀
So, the CPI is key to understanding whether or not it is enough for your daily life and how the economy is doing in general. Stay tuned! 📊(let's keep in mind that there is a lot of bullshit like everything, but that doesn't mean we don't have to take this data into account, since inevitably, no matter how manipulated it is, the consequences are total) $BTC $ETH $BNB #IPC #Binance! #DatoMataRelato #NoTeRegales
The Consumer Price Index (CPI) is basically the "thermometer" that measures how much the prices of the things we buy every day go up or down, such as food, clothing, transportation, etc. 🚗🍔
When the CPI goes up, it means that money doesn't yield as it used to, because everything is more expensive, that is, there is inflation. 🛒💸
Why is it important? 🤔
Inflation: If the CPI goes up a lot, prices are increasing and that affects the pocketbook.
Salary: Companies can use the CPI to adjust salaries so that you don't lose purchasing power.
Economy: The government also uses it to make important decisions such as changing interest rates.
And watch out! 👀 The CPI can also influence the crypto world. If inflation is high, more people may turn to Bitcoin and other cryptos as a safe haven to protect their money. 🚀
So, the CPI is key to understanding whether or not it is enough for your daily life and how the economy is doing in general. Stay tuned! 📊(let's keep in mind that there is a lot of bullshit like everything, but that doesn't mean we don't have to take this data into account, since inevitably, no matter how manipulated it is, the consequences are total) $BTC $ETH $BNB #IPC #Binance! #DatoMataRelato #NoTeRegales
Binance Academy
--
What Is the Consumer Price Index (CPI)?
Key Takeaways
The consumer price index (CPI) is an economic indicator that tracks the average change in prices of certain goods and services.
CPI is the primary measure of inflation, indicating how much prices have increased over a given period. Policymakers, businesses, and consumers use it to make more informed decisions.
By keeping an eye on CPI trends, investors can better understand the economic environment and make more informed decisions regarding their investments.
Introduction
The consumer price index (CPI) is an important economic indicator that measures the average change in prices over time of certain goods and services. The CPI impacts everything from the cost of living to monetary policy decisions, affecting everyone from consumers to policymakers. This article will explain what CPI is, how it works, and its potential relationship with the cryptocurrency markets.
What Is CPI?
The consumer price index (CPI) is a measure used to assess price changes associated with the cost of living. CPI tracks changes in the price level of a basket of consumer goods and services. It is one of the most commonly used indicators of inflation, which refers to the rate at which the general level of prices for goods and services rises, eroding purchasing power.
How Does CPI Work?
CPI is calculated by national statistical agencies, like the Bureau of Labor Statistics (BLS) in the United States. Let’s see how it typically works.
1. Selection of goods and services
A representative basket of goods and services is selected. This basket includes items that are commonly purchased by households, such as food, clothing, transportation, medical care, and entertainment. The selection aims to reflect the spending habits of the average consumer.
2. Data collection
Prices for the items in the basket are collected periodically. This data is gathered from various sources, including retail stores, service providers, and online platforms. The prices are recorded in different regions to account for geographic variation.
3. Weighting
Each item in the basket is assigned a weight based on its importance in the average consumer's budget. For example, if consumers spend more on housing than on entertainment, housing will have a higher weight in the index.
4. Calculation of the index
The prices of the items in the basket are compared to a base period, and the index is calculated. The base period is usually set to 100, and the CPI value for subsequent periods shows the percentage change in prices relative to this base period. For example, a CPI of 105 indicates a 5% increase in prices since the base period.
CPI Uses
The CPI data serves several important functions:
1. Indicator of inflation
CPI is the primary measure of inflation, indicating how much prices have increased over a given period. Policymakers, businesses, and consumers use it to make more informed decisions.
2. Cost-of-living adjustments (COLAs)
CPI is used to adjust income payments, such as Social Security benefits, to keep pace with inflation. This ensures that the purchasing power of these payments remains relatively stable throughout the years.
3. Economic analysis
Economists and policymakers use CPI to analyze economic conditions and make decisions about monetary policy. For instance, central banks may adjust interest rates based on CPI data to control inflation.
4. Indexing financial instruments
Certain financial instruments, like Treasury Inflation-Protected Securities (TIPS), are indexed to the CPI. These instruments can help investors protect their purchasing power from inflation.
How CPI Affects the Economy
1. Consumer spending
Rising CPI indicates higher prices, which can reduce consumer spending as people can afford fewer goods and services. Conversely, a stable or falling CPI can encourage people to spend more.
2. Interest rates
Central banks, like the Federal Reserve, monitor CPI to set interest rates. Typically, high inflation encourages central banks to cool down the economy with higher interest rates. On the other hand, low inflation could result in lower rates to stimulate business and economic growth.
3. Wages and salaries
Employers may adjust wages and salaries based on CPI to help employees maintain their purchasing power. Unions often use CPI data in wage negotiations.
4. Government policies
Government programs, such as welfare benefits and tax brackets, are often adjusted for inflation using CPI. This ensures that these programs remain effective in real terms.
CPI and the Cryptocurrency Markets
Due to its relationship with interest rates, CPI can affect all types of financial markets, including crypto. While its influence on crypto markets is complex and multifaceted, a few points are worth noting.
1. Inflation hedge
As the CPI rises throughout the years, investors search for financial assets that can preserve their wealth and purchasing power. Despite being volatile, there is a growing interest in adding Bitcoin and other major cryptocurrencies to long-term investment portfolios as a hedge against inflation.
2. Monetary policy and market sentiment
As we’ve learned, changes in CPI influence central bank policies. For example, if CPI data indicates high inflation, central banks may raise interest rates. Higher interest rates can make traditional investments more attractive, potentially leading to a decline in cryptocurrency prices. In contrast, lower interest rates tend to affect the crypto markets positively.
3. Adoption and usage
Cryptocurrencies are considered high-risk assets and can be volatile in the short term. However, on a longer timeframe, persistently high inflation can erode trust in fiat currencies, possibly leading to increased adoption and usage of cryptocurrencies.
Closing Thoughts
Understanding the CPI is crucial for grasping how price changes impact the economy and individual financial decisions. As a primary measure of inflation, CPI affects consumer spending, interest rates, wages, and government policies. Its influence extends to the cryptocurrency markets, where it can drive investor behavior and market dynamics.
By keeping an eye on CPI trends, investors can better understand the economic environment and make more informed decisions regarding their investments, including in the volatile cryptocurrency markets.
Further Reading
How Does the Economy Work?
What Is Fractional Reserve?
What Is Inflation?
Interest Rates Explained
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
The consumer price index (CPI) is an economic indicator that tracks the average change in prices of certain goods and services.
CPI is the primary measure of inflation, indicating how much prices have increased over a given period. Policymakers, businesses, and consumers use it to make more informed decisions.
By keeping an eye on CPI trends, investors can better understand the economic environment and make more informed decisions regarding their investments.
Introduction
The consumer price index (CPI) is an important economic indicator that measures the average change in prices over time of certain goods and services. The CPI impacts everything from the cost of living to monetary policy decisions, affecting everyone from consumers to policymakers. This article will explain what CPI is, how it works, and its potential relationship with the cryptocurrency markets.
What Is CPI?
The consumer price index (CPI) is a measure used to assess price changes associated with the cost of living. CPI tracks changes in the price level of a basket of consumer goods and services. It is one of the most commonly used indicators of inflation, which refers to the rate at which the general level of prices for goods and services rises, eroding purchasing power.
How Does CPI Work?
CPI is calculated by national statistical agencies, like the Bureau of Labor Statistics (BLS) in the United States. Let’s see how it typically works.
1. Selection of goods and services
A representative basket of goods and services is selected. This basket includes items that are commonly purchased by households, such as food, clothing, transportation, medical care, and entertainment. The selection aims to reflect the spending habits of the average consumer.
2. Data collection
Prices for the items in the basket are collected periodically. This data is gathered from various sources, including retail stores, service providers, and online platforms. The prices are recorded in different regions to account for geographic variation.
3. Weighting
Each item in the basket is assigned a weight based on its importance in the average consumer's budget. For example, if consumers spend more on housing than on entertainment, housing will have a higher weight in the index.
4. Calculation of the index
The prices of the items in the basket are compared to a base period, and the index is calculated. The base period is usually set to 100, and the CPI value for subsequent periods shows the percentage change in prices relative to this base period. For example, a CPI of 105 indicates a 5% increase in prices since the base period.
CPI Uses
The CPI data serves several important functions:
1. Indicator of inflation
CPI is the primary measure of inflation, indicating how much prices have increased over a given period. Policymakers, businesses, and consumers use it to make more informed decisions.
2. Cost-of-living adjustments (COLAs)
CPI is used to adjust income payments, such as Social Security benefits, to keep pace with inflation. This ensures that the purchasing power of these payments remains relatively stable throughout the years.
3. Economic analysis
Economists and policymakers use CPI to analyze economic conditions and make decisions about monetary policy. For instance, central banks may adjust interest rates based on CPI data to control inflation.
4. Indexing financial instruments
Certain financial instruments, like Treasury Inflation-Protected Securities (TIPS), are indexed to the CPI. These instruments can help investors protect their purchasing power from inflation.
How CPI Affects the Economy
1. Consumer spending
Rising CPI indicates higher prices, which can reduce consumer spending as people can afford fewer goods and services. Conversely, a stable or falling CPI can encourage people to spend more.
2. Interest rates
Central banks, like the Federal Reserve, monitor CPI to set interest rates. Typically, high inflation encourages central banks to cool down the economy with higher interest rates. On the other hand, low inflation could result in lower rates to stimulate business and economic growth.
3. Wages and salaries
Employers may adjust wages and salaries based on CPI to help employees maintain their purchasing power. Unions often use CPI data in wage negotiations.
4. Government policies
Government programs, such as welfare benefits and tax brackets, are often adjusted for inflation using CPI. This ensures that these programs remain effective in real terms.
CPI and the Cryptocurrency Markets
Due to its relationship with interest rates, CPI can affect all types of financial markets, including crypto. While its influence on crypto markets is complex and multifaceted, a few points are worth noting.
1. Inflation hedge
As the CPI rises throughout the years, investors search for financial assets that can preserve their wealth and purchasing power. Despite being volatile, there is a growing interest in adding Bitcoin and other major cryptocurrencies to long-term investment portfolios as a hedge against inflation.
2. Monetary policy and market sentiment
As we’ve learned, changes in CPI influence central bank policies. For example, if CPI data indicates high inflation, central banks may raise interest rates. Higher interest rates can make traditional investments more attractive, potentially leading to a decline in cryptocurrency prices. In contrast, lower interest rates tend to affect the crypto markets positively.
3. Adoption and usage
Cryptocurrencies are considered high-risk assets and can be volatile in the short term. However, on a longer timeframe, persistently high inflation can erode trust in fiat currencies, possibly leading to increased adoption and usage of cryptocurrencies.
Closing Thoughts
Understanding the CPI is crucial for grasping how price changes impact the economy and individual financial decisions. As a primary measure of inflation, CPI affects consumer spending, interest rates, wages, and government policies. Its influence extends to the cryptocurrency markets, where it can drive investor behavior and market dynamics.
By keeping an eye on CPI trends, investors can better understand the economic environment and make more informed decisions regarding their investments, including in the volatile cryptocurrency markets.
Further Reading
How Does the Economy Work?
What Is Fractional Reserve?
What Is Inflation?
Interest Rates Explained
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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💡 Beware of "free trials" in the crypto world. It all starts out great: they offer you something for free, you're tempted by the opportunity, and it seems like there's no risk... but when they ask for your wallet details, that's when you have to stop and think. 🚫 Don't give yourself away for a momentary benefit. Your financial information is valuable, don't give it away lightly. In crypto, security comes first. Don't let them run you over! 🔒 #NoTeRegales #CryptoSeguro #Security #Wallet $TRX $TON $DAR 🌹💻👍
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The Trader's Mirror of Erised: Reflections from Hogwarts to Wall Street 🪄📈
This meme masterfully fuses the magical world of Harry Potter with the reality of trading. The Mirror of Erised, which displays "nothing more and nothing less than our heart's deepest and most desperate desires," becomes a powerful metaphor for the financial market.
For many traders, that burning desire materializes in a chart pointing skyward: +1,000,000% 🚀. It's the promise of unimaginable riches, the dream of a life transformed by a single market move.
But, as Dumbledore wisely warned, "it is not good to get carried away by dreams and forget to live." In trading, this lesson is crucial. Obsession with astronomical profits can blind us to risks, leading to impulsive and potentially disastrous decisions.
Just as Harry had to learn not to get lost in the mirror, we must find the balance between ambition and prudence. True success in trading, as in life, is not measured only by profit percentages, but by personal growth, continuous learning, and the ability to make informed decisions under pressure. 💪🤔💎 Let us remember that every trade is a lesson, every loss an opportunity for improvement, and every gain a step towards our goals. Let us not allow the mirror of quick profits to distract us from the true magic of trading: discipline, strategy, and self-control.
#BinanceSquareFamily #Magic #Binance!
May our decisions be as accurate as Hermione's spells, our courage as firm as Harry's, and our strategy as cunning as Ron's in wizard chess. Go, market wizards! May the magic of finance always be on our side. 🧙♂️📊✨#NoTeRegales $TON $NOT $DOGS #FeelingOfTheMoment
This meme masterfully fuses the magical world of Harry Potter with the reality of trading. The Mirror of Erised, which displays "nothing more and nothing less than our heart's deepest and most desperate desires," becomes a powerful metaphor for the financial market.
For many traders, that burning desire materializes in a chart pointing skyward: +1,000,000% 🚀. It's the promise of unimaginable riches, the dream of a life transformed by a single market move.
But, as Dumbledore wisely warned, "it is not good to get carried away by dreams and forget to live." In trading, this lesson is crucial. Obsession with astronomical profits can blind us to risks, leading to impulsive and potentially disastrous decisions.
Just as Harry had to learn not to get lost in the mirror, we must find the balance between ambition and prudence. True success in trading, as in life, is not measured only by profit percentages, but by personal growth, continuous learning, and the ability to make informed decisions under pressure. 💪🤔💎 Let us remember that every trade is a lesson, every loss an opportunity for improvement, and every gain a step towards our goals. Let us not allow the mirror of quick profits to distract us from the true magic of trading: discipline, strategy, and self-control.
#BinanceSquareFamily #Magic #Binance!
May our decisions be as accurate as Hermione's spells, our courage as firm as Harry's, and our strategy as cunning as Ron's in wizard chess. Go, market wizards! May the magic of finance always be on our side. 🧙♂️📊✨#NoTeRegales $TON $NOT $DOGS #FeelingOfTheMoment
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💡 How much is our information worth? In the digital age, our data is one of the most valuable resources out there. In particular, biometric information, such as the scan of #iris , is unique and irreplaceable. Projects like #Worldcoins offer cryptocurrency rewards in exchange for this information, and many in South America have used that money to buy a meal at McDonald's. 🍔 But think for a moment: hunger doesn't wait, but your data stays for life and 20 USD is definitely not going to save you from torment.
Your identity, on the other hand, is priceless. Once you give up that data, there's no turning back. Do we really want to exchange something so valuable for such a fleeting benefit?
🎓 Lack of information is the real risk. In an increasingly digital world, education and state participation are essential. Lack of proper information about the risks of sharing unique data leaves many exposed to hasty decisions. We need more education and regulation so that everyone understands the true value of their information. 🔒 #NoTeRegales $WLD
Do you think exchanges should exercise more control and responsibility when deciding which tokens to list, especially when these tokens could put users' privacy and security at risk?
Your identity, on the other hand, is priceless. Once you give up that data, there's no turning back. Do we really want to exchange something so valuable for such a fleeting benefit?
🎓 Lack of information is the real risk. In an increasingly digital world, education and state participation are essential. Lack of proper information about the risks of sharing unique data leaves many exposed to hasty decisions. We need more education and regulation so that everyone understands the true value of their information. 🔒 #NoTeRegales $WLD
Do you think exchanges should exercise more control and responsibility when deciding which tokens to list, especially when these tokens could put users' privacy and security at risk?
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This case of the McDonald's account hack shows us how dangerous it is to share the first thing we see without checking the data. 🤔 Many shared that the hack was today, when in fact it was on August 21. It's a good reminder that, in the digital world, we have to take a moment to verify before sharing. Not only do we avoid confusion, but we also protect others from falling for potential scams. 🛡️ Accuracy matters more than speed. 😉 #BigMac #NoTeRegales #McDonalds #BinanceSquareFamily
Coinpedia
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Hackers Use McDonald’s Insta to Promote the Meme Coin GRIMACE
The post Hackers use McDonald’s Insta to promote the Meme Coin GRIMACE appeared first on Coinpedia Fintech News
On August 21, 2024, a hacker hijacked one of the biggest fast-food chains McDonald’s Instagram accounts to promote a fake Solana-based meme coin called “GRIMACE.” Within just 30 minutes, the hackers stole over $700,000 in funds, as this fake token skyrocketed and its market capitalization reached $25 million before crashing to $1 million, according to data from pump.Fun.
GRIMACE Promotion on McDonald’s Instagram
Later, the hackers deleted the fake meme coin “GRIMACE” post from Instagram, which suggests that McDonald is experimenting on Solana. After the hack and theft of the funds, the hacker adds a thank you message, saying “Thank you for the $700,000 in Solana.”
Source: Instagram
Additionally, Guillaume Huin, the marketing director of McDonald’s, gained significant attention from the crypto community as his post on X (previously Twitter) went viral. In the post on X, the marketing director added,
“If you’re a holder of $GRIMACE, drop your Instagram handles below, we will follow you on the official McDonald account. We love and appreciate all the support of Grimace.”
Source: X (previously Twitter)
However, both of these posts on X and Instagram vanished soon, but they had already hurt investors.
Hack Through Social Media
This is not the first time hackers have used any popular firm or celebrity Instagram or X accounts. Earlier, in August 2023, hackers targeted the X account of Blockchain Capital. Additionally, these hackers targeted investors and crypto enthusiasts by offering “BCAP” token giveaways through fake websites.
Hackers prefer this type of attack to trick individuals into linking their crypto wallets.
On August 21, 2024, a hacker hijacked one of the biggest fast-food chains McDonald’s Instagram accounts to promote a fake Solana-based meme coin called “GRIMACE.” Within just 30 minutes, the hackers stole over $700,000 in funds, as this fake token skyrocketed and its market capitalization reached $25 million before crashing to $1 million, according to data from pump.Fun.
GRIMACE Promotion on McDonald’s Instagram
Later, the hackers deleted the fake meme coin “GRIMACE” post from Instagram, which suggests that McDonald is experimenting on Solana. After the hack and theft of the funds, the hacker adds a thank you message, saying “Thank you for the $700,000 in Solana.”
Source: Instagram
Additionally, Guillaume Huin, the marketing director of McDonald’s, gained significant attention from the crypto community as his post on X (previously Twitter) went viral. In the post on X, the marketing director added,
“If you’re a holder of $GRIMACE, drop your Instagram handles below, we will follow you on the official McDonald account. We love and appreciate all the support of Grimace.”
Source: X (previously Twitter)
However, both of these posts on X and Instagram vanished soon, but they had already hurt investors.
Hack Through Social Media
This is not the first time hackers have used any popular firm or celebrity Instagram or X accounts. Earlier, in August 2023, hackers targeted the X account of Blockchain Capital. Additionally, these hackers targeted investors and crypto enthusiasts by offering “BCAP” token giveaways through fake websites.
Hackers prefer this type of attack to trick individuals into linking their crypto wallets.
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The hacking of Mbappé's account on X that ended in a sudden increase in the price of a fraudulent token is a warning sign for everyone. Caution is advised with scams. 🚨(THEY ARE CRAZY)
It is worth noting that less than two weeks ago, a similar incident occurred with the McDonald's account. 🍔 In view of these events, it is pertinent to ask: what can we expect in the future? 🤔 Be more clever... #NoTeRegales
In the field of cryptocurrencies, it is important to remember that not everything that seems valuable is really valuable. 💎❌ It is advisable to maintain a high level of skepticism and conduct thorough research before making investment decisions. 🕵️♂️ DYOR is not a scam, it has to be a fact for everyone. Literally, the only thing this generates is negativity for peers, leaving this field in a bad way. (It saddens me, but as they say, "IT'S NOT THE PIG'S FAULT BUT THE ONE WHO FEEDS IT"
Caution turns out to be the best strategy in this market that presents numerous risks and possible deceptions. #Binance 🧠💪#MEME #F #TORTUGA
Yesterday we touched on the subject of "speed"
LINK: ⚡💥 ¡El mercado cripto nunca duerme! 🌍
$BTC $ETH $BNB
It is worth noting that less than two weeks ago, a similar incident occurred with the McDonald's account. 🍔 In view of these events, it is pertinent to ask: what can we expect in the future? 🤔 Be more clever... #NoTeRegales
In the field of cryptocurrencies, it is important to remember that not everything that seems valuable is really valuable. 💎❌ It is advisable to maintain a high level of skepticism and conduct thorough research before making investment decisions. 🕵️♂️ DYOR is not a scam, it has to be a fact for everyone. Literally, the only thing this generates is negativity for peers, leaving this field in a bad way. (It saddens me, but as they say, "IT'S NOT THE PIG'S FAULT BUT THE ONE WHO FEEDS IT"
Caution turns out to be the best strategy in this market that presents numerous risks and possible deceptions. #Binance 🧠💪#MEME #F #TORTUGA
Yesterday we touched on the subject of "speed"
LINK: ⚡💥 ¡El mercado cripto nunca duerme! 🌍
$BTC $ETH $BNB
Binance News
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Mbappe's Account Hacked, Pump Token MBAPPE Released
According to Odaily, the account of football player Kylian Mbappe was hacked, leading to the release of a pump token named MBAPPE. One user spent 2 SOL to purchase 1.1 million tokens. Subsequently, another user bought 7,156 SOL worth of the token. This user then sold the 1.1 million tokens within eight seconds, making a profit of $210,000.
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Decoys in Crypto: What You See Isn't Always What You Get 🕵️♂️💼
In the crypto world, just like in the military, everything can be a deception. Decoy strategies are everywhere, and they remain as effective today as they were in the past. In fact, in the war between Ukraine and Russia, inflatable decoys, such as tanks and missiles, are being used to confuse the enemy, and the Czech company Inflatech has seen its sales increase by 100% since the conflict began, producing up to 40 decoys per month. That doesn't just happen! 🚀
Here are some examples of how these tactics are reflected in the crypto world:
1. Fake Projects: 🎭 Just as inflatable tanks deceive enemies, in crypto there are projects that seem legitimate but are designed to disappear with your money. A famous case is BitConnect, which evaporated leaving thousands with losses. 💸
2. Whale Movements: 🐋 In crypto, even in a meme coin, with little capital you can be a whale and manipulate the market. An example is Squid Game Token, where a few people dumped, taking millions and leaving the rest trapped. In this game, everyone can be a "whale" for a day. ⚡
3. False Rumors: 🗣️ Rumors are a daily occurrence in crypto. For example, the Litecoin-Walmart case: a fake news story about its adoption sent the price soaring, only to crash when the truth was discovered. 🔥
In crypto, as in war, you have to be clever. Decoy tactics are very real and effective. If a company like Inflatech makes millions by deceiving armies, imagine how easy it is to fall into traps in the crypto market. So, be careful, stay alert and don't get fooled. If you want me to go deeper into any of these cases, ask in the comments and I'll do it. 🚀🛡️
$PEPE $FIDA $TRX #NOTEREGALES #PEPE #FIDA #TRX #Whale
In the crypto world, just like in the military, everything can be a deception. Decoy strategies are everywhere, and they remain as effective today as they were in the past. In fact, in the war between Ukraine and Russia, inflatable decoys, such as tanks and missiles, are being used to confuse the enemy, and the Czech company Inflatech has seen its sales increase by 100% since the conflict began, producing up to 40 decoys per month. That doesn't just happen! 🚀
Here are some examples of how these tactics are reflected in the crypto world:
1. Fake Projects: 🎭 Just as inflatable tanks deceive enemies, in crypto there are projects that seem legitimate but are designed to disappear with your money. A famous case is BitConnect, which evaporated leaving thousands with losses. 💸
2. Whale Movements: 🐋 In crypto, even in a meme coin, with little capital you can be a whale and manipulate the market. An example is Squid Game Token, where a few people dumped, taking millions and leaving the rest trapped. In this game, everyone can be a "whale" for a day. ⚡
3. False Rumors: 🗣️ Rumors are a daily occurrence in crypto. For example, the Litecoin-Walmart case: a fake news story about its adoption sent the price soaring, only to crash when the truth was discovered. 🔥
In crypto, as in war, you have to be clever. Decoy tactics are very real and effective. If a company like Inflatech makes millions by deceiving armies, imagine how easy it is to fall into traps in the crypto market. So, be careful, stay alert and don't get fooled. If you want me to go deeper into any of these cases, ask in the comments and I'll do it. 🚀🛡️
$PEPE $FIDA $TRX #NOTEREGALES #PEPE #FIDA #TRX #Whale
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Good morning, good night crew! I hope that those who start have a phenomenal day and those who are in the dream world, contemplate profits not only in that world. I share a reminder that #Binance gives us for all #BinanceSquareFamily , we must be very clear that this does not happen only here so keep it in mind on any platform you operate or seek informational comfort, be it a social network or even streaming platforms, even the smartest can fall, but by taking the necessary precautions you can not be an easy target. 🚨 Attention, attention! 🚨
It is essential that you DO NOT include contact information or promote other channels in your bios. This is one of the tricks most used by scammers to hook the unsuspecting or those who dream of becoming millionaires overnight. 🎣
Let's avoid falling into these traps that only seek to take advantage of our illusion. If they do not respect the rules, they can reset their profile, send them warnings and even silence them. 🛑 The best thing is to take a screenshot and report it.
Let's make sure to protect ourselves and protect our community. Do not give away! 😉💪 #NoTeRegales
#SeguridadPrimero #NoCaigasEnTrampas
$BTC $ETH $SOL
It is essential that you DO NOT include contact information or promote other channels in your bios. This is one of the tricks most used by scammers to hook the unsuspecting or those who dream of becoming millionaires overnight. 🎣
Let's avoid falling into these traps that only seek to take advantage of our illusion. If they do not respect the rules, they can reset their profile, send them warnings and even silence them. 🛑 The best thing is to take a screenshot and report it.
Let's make sure to protect ourselves and protect our community. Do not give away! 😉💪 #NoTeRegales
#SeguridadPrimero #NoCaigasEnTrampas
$BTC $ETH $SOL
Binance Square Official
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We reserve the right to reset any profile information (including username, nickname, bio, and avatar) if it includes contact information or guides users to private channels in the bio. Please avoid contacting anyone using the information from bios. DYOR!
For more details, please refer to the Binance Square Community Management Guidelines.
For more details, please refer to the Binance Square Community Management Guidelines.
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